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11-95-10
Section 11-95-10 Refunding bonds. Any bonds issued by a corporation may from time to time be
refunded by the issuance, by sale or exchange, of refunding bonds payable from the same or
different designated revenues for the purpose of paying all or any part of the principal of
the bonds to be refunded, any redemption premium required to be paid as a condition to the
redemption prior to maturity of any such bonds that are to be so redeemed in connection with
such refunding, any accrued and unpaid interest on the bonds to be refunded, any interest
to accrue on each bond to be refunded to the date on which it is to be paid, whether at maturity
or by redemption prior to maturity, and the expenses incurred in connection with such refunding;
provided, that unless duly called for redemption pursuant to provisions contained therein,
the holders of any such bonds then outstanding and proposed to be refunded shall not be compelled
without their consent to surrender their outstanding bonds for such...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-95-10.htm - 2K - Match Info - Similar pages
9-10-37
Section 9-10-37 Refunding bonds. (a) The corporation may provide by resolution for the issuance
of refunding bonds for the purpose of refunding any bonds then outstanding which shall have
been issued under the provisions of this article, including the payment of any redemption
premium thereon and any interest accrued or to accrue to the date of redemption of such bonds
and, if deemed advisable by the corporation, for the additional purpose of constructing improvements,
extensions or enlargements of the project or projects in connection with which the bonds to
be refunded shall have been issued. (b) The corporation is further authorized to provide by
resolution for the issuance of its bonds for the combined purpose of: (1) Refunding any bonds
then outstanding which shall have been issued under the provisions of this article, including
the payment of any redemption premium thereof and any interest accrued or to accrue to the
date of redemption of such bonds and (2) Paying all or any part...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/9-10-37.htm - 1K - Match Info - Similar pages
33-13-11
Section 33-13-11 Bonds - Refunding Bonds. The authority may from time to time sell and issue
refunding bonds for the purpose of refunding any matured or unmatured bonds then outstanding
that were originally issued under this chapter. To the extent they may be applicable, the
provisions of this chapter pertaining to the authorization, sale, execution, redemption, maximum
interest rate, maturities, issuance and other details of the bonds, shall apply to such refunding
bonds. The total principal amount of bonds that may be initially issued hereunder under the
provisions of the first sentence of Section 33-13-9 is hereby expressly limited to $45,000,000.00;
and the total amount of refunding bonds that may be issued hereunder is hereby expressly limited
to the principal amount of the bonds that are to be refunded by any such refunding bonds.
(Acts 1975, 2nd Ex. Sess., No. 78, p. 206, ยง11.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/33-13-11.htm - 1K - Match Info - Similar pages
11-92A-23
Section 11-92A-23 Special reserve funds and applications for appropriations. (a) In addition
to all other powers at any time conferred upon an authority by law, an authority may, in connection
with the issuance of any bonds hereunder, create and establish one or more special debt service
reserve funds (a "debt service reserve fund"), and may pay or cause to be paid into
each debt service reserve fund (i) proceeds from bonds issued pursuant hereto to the extent
provided by the authority authorizing the issuance thereof; (ii) any moneys appropriated and
made available by the Legislature for the purpose of such fund; and (iii) any other moneys
that may be made available to the authority from any other source for the purpose of such
fund. All moneys held in a debt service reserve fund shall be used solely for the payment
of the principal of, premium, if any, and interest on bonds secured, in whole or in part,
by that fund when and as the same become due and payable as provided in the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-92A-23.htm - 7K - Match Info - Similar pages
11-50-350
Section 11-50-350 Revenue refunding bonds. (a) The board is hereby authorized to provide by
resolution for the issuance of revenue refunding bonds of the board for the purpose of refunding
any bonds then outstanding which shall have been assumed by the board or shall have been issued
under the provisions of this article, including the payment of any redemption premium thereon
and any interest accrued or to accrue to the date of redemption of such bonds and, if deemed
advisable by the board, for the additional purpose of constructing improvements, extensions,
or enlargements of the water system or sewer system in connection with which the bonds to
be refunded shall have been issued. (b) The board is further authorized to provide by resolution
for the issuance of its revenue bonds for the combined purpose of: (1) Refunding any bonds
then outstanding which shall have been assumed by the board or shall have been issued under
the provisions of this article, including the payment of any...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-50-350.htm - 1K - Match Info - Similar pages
24-1-33
Section 24-1-33 Powers of authority to secure payment of bonds, etc. In connection with the
issuance of bonds or the incurring of any obligation under a lease and in order to secure
the payment of such bonds or obligations, the authority shall have power: (1) To pledge by
resolution, trust indenture, mortgage, subject to the limitations hereinafter imposed, or
other contract all or any part of its rents, fees or revenues. (2) To covenant against mortgaging
all or any part of its property, real or personal, then owned or thereafter acquired, or against
permitting or suffering any lien thereon. (3) To covenant with respect to limitations on its
right to sell, lease or otherwise dispose of any housing project, or any part thereof, or
with respect to limitations on its right to undertake additional housing projects. (4) To
covenant against pledging all or any part of its rents, fees and revenues to which its right
then exists, or the right to which may thereafter come into existence, or...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/24-1-33.htm - 7K - Match Info - Similar pages
24-1-72
Section 24-1-72 Powers of authority to secure payment of bonds, etc. In connection with the
issuance of bonds or the incurring of any obligation under a lease and in order to secure
the payment of such bonds or obligations, the authority shall have power: (1) To pledge by
resolution, trust indenture, mortgage, subject to the limitations hereinafter imposed, or
other contract all or any part of its rents, fees, or revenues. (2) To covenant against mortgaging
all or any part of its property, real or personal, then owned or thereafter acquired, or against
permitting or suffering any lien thereon. (3) To covenant with respect to limitations on its
right to sell, lease, or otherwise dispose of any housing project, or any part thereof, or
with respect to limitations on its right to undertake additional housing projects. (4) To
covenant against pledging all or any part of its rents, fees, and revenues to which its right
then exists, or the right to which may thereafter come into existence, or...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/24-1-72.htm - 7K - Match Info - Similar pages
11-54-24
Section 11-54-24 Bonds - Form, terms, denominations, etc.; execution, sale, delivery, redemption,
etc. All bonds issued by a municipality under authority of this article shall be limited obligations
of the municipality, the principal of and interest on which shall be payable solely out of
the revenues derived from the leasing of the project to finance which the bonds are issued.
Bonds and interest coupons issued under authority of this article shall never constitute an
indebtedness of the municipality within the meaning of any state constitutional provision
or statutory limitation and shall never constitute nor give rise to a pecuniary liability
of the municipality or a charge against its general credit or taxing powers, and such fact
shall be plainly stated in the face of each such bond. Such bonds may be executed and delivered
at any time and from time to time, may be in such form and denominations, may be of such tenor,
may be in registered or bearer form either as to principal or...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-54-24.htm - 2K - Match Info - Similar pages
11-54-54
Section 11-54-54 Bonds - Form, terms, denominations, etc.; execution, sale, delivery, redemption,
etc. All bonds issued by a municipality under authority of this article shall be limited obligations
of the municipality, the principal of and interest on which shall be payable solely out of
the revenues derived from the leasing of the project to finance which the bonds are issued.
Bonds and interest coupons issued under the authority of this article shall never constitute
an indebtedness of the municipality within the meaning of any state constitutional provision
or statutory limitation and shall never constitute nor give rise to a pecuniary liability
of the municipality or a charge against its general credit or taxing powers, and such fact
shall be plainly stated in the face of each such bond. Such bonds may be executed and delivered
at any time and from time to time, may be in such form and denominations, may be of such tenor,
may be in registered or bearer form either as to principal...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-54-54.htm - 2K - Match Info - Similar pages
11-55-3
Section 11-55-3 Bonds - Form, terms, denominations, etc.; execution, sale, delivery, redemption,
etc. All bonds issued by a municipality under authority of this chapter shall be limited obligations
of the municipality, the principal of and interest on which shall be payable solely out of
the revenues derived from the leasing of the project to finance which the bonds are issued.
Bonds and interest coupons issued under authority of this chapter shall never constitute an
indebtedness of the municipality within the meaning of any state constitutional provisions
or statutory limitation and shall never constitute nor give rise to a pecuniary liability
of the municipality or a charge against its general credit or taxing powers, and such fact
shall be plainly stated in the face of each such bond. Such bonds may be executed and delivered
at any time and from time to time, may be in such form and denominations, may be of such tenor,
may be in registered or bearer form either as to principal or...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-55-3.htm - 2K - Match Info - Similar pages
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